SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

State of Wyoming's Holding History (CIK: 0001821626)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 4,595 Value ($000) $62 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 4,729 Value ($000) $65 Avg Close $12.69 Range $10.07 - $14.46

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	4,595	$62	$13.74	$11.71 - $15.84
Q2 2025	4,729	$65	$12.69	$10.07 - $14.46